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(OIL) Oil India complete technical analysis [charts+indicators] | Buy/Sell Oil India | (OIL) share price targets

Complete technical analysis of Oil India (OIL) by charts plus indicators, forecast predictions and share price targets for Oil India (OIL)

Oil India trades in NSE in Exploration & Production sector.

Showing technical analysis as on 2024-09-23 View latest technical analysis

10 day averaged volume of Oil India is 8238246

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	582.05	565.00	586.50	557.15	0.608 times
20 Fri Sep 2024	562.80	580.00	582.50	560.00	1.153 times
19 Thu Sep 2024	571.45	595.00	602.50	553.85	1.104 times
18 Wed Sep 2024	595.00	626.00	627.00	590.85	0.895 times
17 Tue Sep 2024	615.45	612.05	627.90	597.55	1.123 times
16 Mon Sep 2024	607.60	585.00	609.95	577.70	0.782 times
13 Fri Sep 2024	585.60	578.00	588.00	574.00	0.66 times
12 Thu Sep 2024	578.95	584.00	587.90	565.30	1.146 times
11 Wed Sep 2024	581.70	607.80	608.00	570.00	1.491 times
10 Tue Sep 2024	608.90	641.90	645.00	606.00	0.669 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 580.4 as stoploss in an intra day buy trade for a target of 643.18. However, stock will show a bearish move below 580.4.

Share price targets for Oil India (OIL)

Target Type	Value
Downside Target	479.35
Downside Target	545.00
Upside Target	586.50
Upside Target	625.50
Upside Target	645.00
Upside Target	675.00
Upside Target	686.45
Upside Target	734.00
Upside Target	734.70
Upside Target	743.60
Upside Target	767.90

Intraday share price targets for Oil India (OIL)

Target Type	Value
Downside Intraday Target	563.97
Downside Intraday Target	545.88
Upside Intraday Target	593.32
Upside Intraday Target	604.58
Downside Intraday Target	575.23

Weekly technical analysis of Oil India (OIL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	582.05	565.00	586.50	557.15	0.12 times
20 Fri Sep 2024	562.80	585.00	627.90	553.85	1.023 times
13 Fri Sep 2024	585.60	626.10	645.00	565.30	1.175 times
06 Fri Sep 2024	626.95	725.35	734.70	625.50	0.32 times
30 Fri Aug 2024	741.00	687.00	767.90	686.45	5.222 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Oil India (OIL)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	582.05	725.35	734.70	553.85	0.443 times
30 Fri Aug 2024	741.00	583.40	767.90	568.30	1.342 times
31 Wed Jul 2024	577.55	733.45	734.00	479.35	2.382 times
28 Fri Jun 2024	723.05	689.85	743.60	545.00	1.069 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Oil India (OIL)

Price action analysis of Oil India ( (OIL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Oil India ( (OIL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Oil India ( (OIL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Oil India ( (OIL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Oil India stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Oil India in short term and the sell signal is strong.

Oil India Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Oil India in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Oil India is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 587.39 and Oil India (OIL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Oil India (OIL) stock. Volume based technical analysis of Oil India (OIL) stock is negative.

Oil India Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.